Top Fifty (50) "Most Important" Safe Deposit Procedures

Friday, November 20th, 2020 10:00 am - 12:00 pm CT

A Program

Click Here to register for live program $265

Click Here to register for live program and recording $395*

The safe deposit operation is a unique, fast-changing service in the financial industry. It is the only product or service in which members of your staff do not know the value of a consumer’s assets. As a result, every vault transaction can lead to considerable liability. Effective procedures and sound daily practices can counteract and minimize this risk. This webinar covers the “nuts and bolts” and the recommended day-to-day operating procedures for your institution.

David McGuinn, a nationally recognized expert in the safe deposit area, will provide clear, concise answers to all the basic or complicated questions regarding your institution’s responsibility, liability and daily operating procedures. In addition, you will receive information about many current safe deposit lawsuits and other nationwide horror stories.

What You Will Learn

  • Answer: (Y) YES (N) NO (NS) NOT SURE to review your internal procedures.


    _____ Can box keys be duplicated using silly putty and epoxy glue?
    _____ Will your part-time attendant make a good courtroom witness?
    _____ Are there at least ten items included in your new box renter's kit?
    _____ Are you aware that having box numbers on keys will create liability?
    _____ Are you following the ten necessary steps when granting box access?
    _____ Can FDIC/NCUA signs, logos or brochures create safe deposit liability?
    _____ Are you completing the required Beneficial Ownership of Legal Entity Form?
    _____ Are you providing a "No Insurance Disclosure Notice" to all new box renters?
    _____ Can you purchase locksmith tools on EBAY that will open boxes in seconds?
    _____ Do you know why you will lose a lawsuit if you leave anyone in your vault alone?
    _____ Do you require five types of identification from every signer on a new box contract?
    _____ Are you aware of your liability if box access is allowed "before or after" lobby hours? 

    How did you do on the test? (This presentation addresses these issues and much more)


David P. McGuinn

David P. McGuinn, president of Safe Deposit Specialists, speaks nationwide for numerous financial associations. He is a former Senior Vice President and Cashier with over 45 years of financial experience and is often referred to nationwide as the safe deposit GURU. As a consultant he has trained over 350,000 safe deposit personnel since 1969 in programs offered in all 50 states. Dave is past president of the American Institute of Banking and the American, Texas and Houston Safe Deposit Associations.


* Registration Plus Recording: Includes the live session (one connection, unlimited attendees), CD ROM, (shipped 7-10 business days after live session), unlimited access to OnDemand Playback and links to presenter materials and supplementary handouts for 6 months after live session.